New Delhi, April 29 -- Duty concessions under the proposed India New Zealand free trade agreement (FTA) are expected to boost exports of Indian alcoholic beverages, particularly single malt whisky, industry body Confederation of Indian Alcoholic Beverage Companies (CIABC) said.
The industry body noted that given the current low export base, the FTA is expected to aid India;s market entry and brand building, especially in segments such as whisky, rum and premium spirits.
CIABC Director General Anant S Iyer said, The FTA is expected to provide duty-free access for Indian alcoholic beverage exports into New Zealand, improving price competitiveness for Indian products in that market, PTI reported.
Low Base, High Growth Potential
Indias ...